Notable Stock News to Watch: INTL FCStone Inc. (NASDAQ:INTL)

INTL FCStone Inc. (NASDAQ:INTL) stock revealed change of 48.33% away from 52-week low price and recently located move of -0.34% off 52-week high price. It has market worth of $972.65M. INTL stock has been recorded 16.04% away from 50 day moving average and 26.12% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.32% off 20-day moving average.

On Jan. 13, 2020, INTL FCStone Inc. (NASDAQ:INTL) disclosed  that its London-based subsidiary, INTL FCStone Ltd., executed a sale and purchase agreement to acquire GIROXX GmbH in Frankfurt, Germany. Closing is conditional upon the approval of the Bundesanstalt für Finanzdienstleistungsaufsicht [BaFin].

Through its digital platform, GIROXX GmbH provides online payment and foreign exchange hedging services to small and medium sized enterprises (SME’s) in Germany, Austria and Switzerland. INTL FCStone offers a wide range of financial services including advisory and execution services in commodities, which will be offered to GIROXX’s corporate client base. This purchase completes a series of acquisitions and company restructuring to ensure that all clients of INTL FCStone Ltd are secure with their continuity of service and market access, and are 100% unaffected by Brexit.

Carsten Hils, Global Head of INTL FCStone’s Global Payments Division, commented on ‘s news, Our objective is to offer SME’s the ability to hedge all parts of their production processes, and to allow these corporates to have access to a digital payments and hedging platform. We are clearly one of the first in this market segment to offer such a comprehensive offering and we are excited about this opportunity.

The Financial sector company, INTL FCStone Inc. noticed change of 2.99% to $50.58 along volume of 107447 shares in recent session compared to an average volume of 71.09K shares. The stock observed return of 4.25% in 5 days trading activity. The stock was at 26.20% over one month performance. INTL’s shares are at 25.45% for the quarter and driving a 32.24% return over the course of the past year and is now at 3.58% since this point in 2018.

The average volatility for the week at 2.48% and for month was at 3.19%. There are 19.23M shares outstanding and 15.64M shares are floated in market. Right now the stock beta is 1.69.

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